Solink Corporation, a leading cloud-based security solution for video recording, loss prevention, and investigations, announced today that it has closed $5 million in new funding, led by Generation Ventures, with participation from ScaleUp Ventures, BDC IT Venture Fund and Valor Equity Partners.
“We are pleased to have secured the confidence, commitment and ongoing support of investors with a track record of success in supporting iconic companies,” says Mike Matta, Solink CEO. “Together, we will be able to meet the growing demand for our solution while making surveillance video a source of insight, instead of just an insurance policy. With so many hours of surveillance video recorded, businesses need Solink to proactively identify fraud and deliver business insights.”
Solink’s software-based security solution seamlessly integrates with existing cameras and other data systems including point of sale (POS) to protect quick service restaurants, retail stores and financial institutions. Solink uses video and data to automatically learn behaviour that leads to internal and external theft. Solink turns any camera into a smart camera by layering data and context from other systems and using AI to identify the most important activity.
“I needed an efficient way to get to the information that was locked inside all of my video content,” says Chris Alihemmat, Church’s Chicken franchise owner. “So, I looked for a solution that could easily connect to my existing POS and use my existing cameras, and that’s when I came across Solink. What’s more, the analytics Solink delivers are nothing short of amazing. I can find specific details, check transactions, search events and look at graphs in seconds. It works simply and flawlessly.”
Customers also embrace Solink because its solution removes the need for proprietary hardware (e.g. DVRs), is always up to date with the latest enhancements, and requires no capital investment. The cloud-based platform transforms the way businesses manage video, security and data, by proactively identifying fraud and improving loss prevention, while delivering a simple yet comprehensive user experience on their mobile device or desktop computer.
Since launching in 2016, Solink has been growing rapidly with a customer base that extends globally.